TheMinerMag

TheMinerMag

Research and analysis from TheMinerMag

Greenidge Sells South Carolina Land and Power Rights as Bitcoin Mining Footprint Shrinks

Dec 3, 2025

Greenidge Sells South Carolina Land and Power Rights as Bitcoin Mining Footprint Shrinks

Bitcoin miner and power provider Greenidge Generation is selling its remaining land holdings in Spartanburg, South Carolina, along with rights to 60 MW of future electrical service.

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IREN Plans $2B Convertible Issuance, Adds Equity Sale as Bitcoin Miners Deleverage

Dec 2, 2025

IREN Plans $2B Convertible Issuance, Adds Equity Sale as Bitcoin Miners Deleverage

IREN plans to raise $2.3 billion through new convertible bonds and a concurrent equity sale, aiming to reduce portions of its outstanding debts as bitcoin’s hashprice hovers near all-time lows.

Miner Weekly: Bitcoin Mining’s Toughest Margin Crunch

Dec 1, 2025

Miner Weekly: Bitcoin Mining’s Toughest Margin Crunch

Bitcoin mining has entered the harshest margin environment of all time with hashprice slipping to $35/PH/s. At this level, profitability stress is no longer theoretical; it’s systemic.

Greenidge’s Dresden Plant Hit by Electrical Fire, Forcing Shutdown of Bitcoin Mine

Nov 28, 2025

Greenidge’s Dresden Plant Hit by Electrical Fire, Forcing Shutdown of Bitcoin Mine

Greenidge Generation's power facility and bitcoin mine in Dresden, New York, has been taken fully offline after an electrical switchgear malfunction caused a fire.

CleanSpark Unwinds Coinbase Credit Line as Bitcoin Hashprice Hits All-Time Low

Nov 26, 2025

CleanSpark Unwinds Coinbase Credit Line as Bitcoin Hashprice Hits All-Time Low

CleanSpark has repaid its bitcoin-backed line of credit with Coinbase in full, reflecting a more cautious liquidity stance amid bitcoin's all-time low hashprices.

Bitcoin Mining Q3 Look-Back and 2026 Outlook

Nov 24, 2025

Bitcoin Mining Q3 Look-Back and 2026 Outlook

A deteriorating hashprice, rising financing costs, and slow-to-materialize HPC revenue define a pivotal quarter for public Bitcoin miners.

Bitcoin Hashprice Falls to Record Low as Network Hashrate Shows Early Signs of Pullback

Nov 22, 2025

Bitcoin Hashprice Falls to Record Low as Network Hashrate Shows Early Signs of Pullback

Bitcoin’s hashprice has fallen to a new all-time low below $35 PH/s, hit by the combination of bitcoin’s price drop and high network difficulty.

Miner Weekly: Public Miners Go Quiet as Bitcoin Hashprice Cools, Arms Race Stalls

Nov 20, 2025

Miner Weekly: Public Miners Go Quiet as Bitcoin Hashprice Cools, Arms Race Stalls

As Bitcoin hashprice cools, the once-standard monthly production updates are disappearing across the public-miner cohort.

Cipher to Raise $333 Million More for Barber Lake Build-Out Amid Fluidstack HPC Expansion

Nov 20, 2025

Cipher to Raise $333 Million More for Barber Lake Build-Out Amid Fluidstack HPC Expansion

Cipher Mining plans to raise an additional $333 million in senior secured notes and has signed a new 10-year HPC colocation agreement with Fluidstack.

Bitmain Opens Bidding on S19k Pros at $5.5/TH as Market Slump Pressures Bitcoin Miner Sales

Nov 18, 2025

Bitmain Opens Bidding on S19k Pros at $5.5/TH as Market Slump Pressures Bitcoin Miner Sales

Bitmain has opened a public bidding process for Antminer S19k Pro machines, offering a starting price of $5.5/TH/s as the company seeks to move inventory in a difficult bitcoin mining hardware market.